MassMutual Bitcoin purchase proves crypto demand is rising, JPMorgan says By Cointelegraph


MassMutual Bitcoin purchase proves crypto demand is rising, JPMorgan says

MassMutual’s $100 million (BTC) purchase shows that the demand for cryptocurrency will be growing further, according to strategists at major investment bank JPMorgan (NYSE:).

In an investor note on Dec. 11, JPMorgan strategists including Nikolaos Panigirtzoglou reportedly suggested that Bitcoin adoption is now expanding from family offices and wealthy investors to bigger investors like insurance firms and pension funds.